East Timor vs Iraq: Economic Indicators Comparison

Iraq with a GDP of $224.2B ranked the 50th largest economy in the world, while East Timor ranked 171st with $2.6B. By GDP 5-years average growth and GDP per capita, Iraq and East Timor ranked 85th vs 137th and 103rd vs 146th, respectively.

Gross Domestic Product & Income

StatEast TimorIraq
GDP$2.6B$224.2B
GDP growth, 1 year0.8%0.6%
GDP growth, 5-years average1.9%3.1%
Population1.3M38.3M
GDP per capita$2k$5.8k
GDP per capita growth0.81%-2.84%
Purchasing Power Parity conversion factor0.27395.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.270.33
GDP per capita, PPP adjusted$5.2k$18k
GNI, Atlas method$2.3B$193.6B
GNI per capita$1.8k$5k
GNI, PPP adjusted$8.9B$661.5B
GNI per capita, PPP adjusted$7k$17k

Financial system and Human development

StatEast TimorIraq
Income Tax Rate10%15%
Corporate Tax Rate10%15%
Inflation, consumer prices2.3%0.4%
Inflation, GDP deflator0.9%15.4%
Unemployment3%7.9%
Economic Freedom Index45.921
Personal Freedom Index7.193.21
Human Freedom Index6.414.28
Property Rights Index45.243.9
Judical Effectiveness Index12.611.2
Business Freedom Index6452.6
Fiscal Health Index19.976.6
Labor Freedom Index58.944.8
Investment Freedom Index45N/A
Financial Freedom Index20N/A
Trade Freedom Index75N/A
Monetary Freedom Index76.576.4
Government Spending Index5.359.5
Tax Burden Index96.3N/A
Government Integrity Index32.520.8
Corruption Perceptions Index3518
Life expectancy at birth, years6970.3
Suicide mortality rate, per 100,000 people4.63
Mortality caused by road traffic injury, per 100,000 people12.720.7
Intentional homicides, per 100,000 people49.9
International tourism, number of arrivals75k892k

Government debt & reserves

StatEast TimorIraq
Central government debt, % of GDP5.4%48.4%
External debt stocks, % of GNI6.7%N/A
External debt stocks$158.1MN/A
Short-term debt, % of total reserves0.4%N/A
Total debt service, % of exports and primary income0.3%N/A
Adjusted net savings including particulate emission damage, % of GNI-14.6%-7%
Gross savings, % of GDP12.3%20.1%
Gross capital formation, % of GDP22.5%12.9%
Total reserves including gold$673.9M$64.7B
Foreign direct investment net inflows$47.9M-$4.9B

Exports, imports and economic structure

StatEast TimorIraq
Exports of goods and services, % of GDP61.1%44%
Imports of goods and services, % of GDP59.9%35.9%
Current account balance (balance of payments)-$191.1M$34.4B
Revenue excluding grants, % of GDP38.4%26.3%
Grants excluding technical cooperation, BoP$119.1M$1.7B
Personal remittances received$96.3M$741.7M
Industry including construction value added, % of GDP45.8%56.1%
Agriculture, forestry and fishing value added, % of GDP10.4%2%
Charges for the use of intellectual property, payments BoP$33k$7.8M
Charges for the use of intellectual property, receipts BoPN/A$100k
Expense, % of GDP36.4%25.3%
Government Expenditure, % of GDP56.2%36.7%

Compare with countries close by GDP per capita

East Timor vs

CountryGDP
per capita
Population
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M

Iraq vs

CountryGDP
per capita
Population
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M